In many _________________,the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses,instead of engaging in any legitimate investment activity.

Question

Quizplus · Accepted Answer

The phrase "attracting new money to make promised payments to earlier-stage investors" is characteristic of a Ponzi scheme, where early investors are paid with the money of later investors, rather than from actual returns on investments.

In Many _________________,The Fraudsters Focus on Attracting New Money to Make